Melbourne Property Values Continue Downward Trend

Melbourne's median dwelling value declined by 1.2% in July, accumulating a 5.1% loss since its November 2025 peak and now sitting 5.5% below its March 2022 record high. Higher-value properties are experiencing sharper declines compared to lower-quartile homes.

This sustained decline in Melbourne's market may present opportunities for buyers in the western growth corridor, particularly those seeking more affordable entry points. Investors should carefully consider asset selection, focusing on properties with strong underlying demand.